“Account,” when used to mean a contract of deposit of funds between a depositor and a financial institution, includes a checking account, savings account, certificate of deposit, share account, mutual capital certificate, and other like arrangements.

(Enacted by Stats. 1990, Ch. 79.)

Terms Used In California Probate Code 21

  • Account: when used to mean a contract of deposit of funds between a depositor and a financial institution, includes a checking account, savings account, certificate of deposit, share account, mutual capital certificate, and other like arrangements. See California Probate Code 21
  • Contract: A legal written agreement that becomes binding when signed.
  • Financial institution: means a state or national bank, state or federal savings and loan association or credit union, or like organization. See California Probate Code 40
  • Mutual capital certificate: has the meaning given that term in Section 5111 of the Financial Code. See California Probate Code 23
  • Savings account: has the meaning given that term in Section 5116 of the Financial Code. See California Probate Code 23